Michelin (OTCMKTS:MGDDY) Rating Lowered to “Strong Sell” at Barclays

Michelin (OTCMKTS:MGDDY) was downgraded by stock analysts at Barclays from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other brokerages also recently weighed in on MGDDY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Michelin in a report on Tuesday, July 28th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Michelin currently has an average rating of “Hold”.

Michelin Stock Down 1.0%

OTCMKTS:MGDDY traded down $0.19 during mid-day trading on Thursday, reaching $18.37. The stock had a trading volume of 107,329 shares, compared to its average volume of 177,316. The stock has a 50-day simple moving average of $18.83 and a two-hundred day simple moving average of $18.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.65. Michelin has a 12 month low of $15.35 and a 12 month high of $20.57.

About Michelin

Michelin is a French tire and mobility company founded in 1889 by brothers André and Édouard Michelin. Headquartered in Clermont-Ferrand, France, it has grown into a global manufacturer serving customers and vehicle makers around the world.

The company develops and sells tires for passenger cars, motorcycles, bicycles, trucks, agricultural and construction equipment, aircraft, and other specialized vehicles. Its offerings also include tire-related services and mobility solutions for consumers and commercial fleets.

Michelin is also known for its travel guides and maps, including the MICHELIN Guide, which rates restaurants and provides travel recommendations.